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Daymond John

Daymond John is an American entrepreneur, investor and television personality. He founded and serves as CEO of streetwear brand FUBU and brand strategy consultancy The Shark Group. An original investor on ABCABCABC (American Broadcasting Company) is an American commercial broadcast television network. It grew out of NBC’s Blue radio network, took its name after becoming independent in 1943, developed into a national television network after merging with United Paramount Theatres in 1953, was acquired by Capital Cities in 1985, and has been owned by The Walt Disney Company since 1996. With CBS and NBC it is one of the three traditional U.S. broadcast networks, and it is one of the five networks that rotate in the White House television pool.Open the full entry’s Shark Tank, which premiered in 2009, he was appointed a Presidential Ambassador for Global Entrepreneurship in 2015 and founded Black Entrepreneurs Day in 2020.

Contents20 sections
Key facts

Early Life in Queens

Daymond John was born in Brooklyn, New York, and grew up in Hollis, Queens, during the 1980s, when the neighborhood was a center of hip-hop culture. He learned to sew from his mother.⁠[1][2][3]

Education and Dyslexia

John attended Bayside High School’s co-op program, alternating classroom weeks with full-time work at First Boston. In an interview with the Yale Center for Dyslexia and Creativity, he described strengths in mathematics and science alongside persistent reading and spelling difficulties. In adulthood, he recognized the effects of dyslexia and asked colleagues to help check documents.⁠[4]

Starting a Clothing Business

In 1989, John began selling clothing for an urban market that major fashion brands had yet to address. Inspired by tie-top hats worn by rap groups in music videos, he used approximately $40 of material to make several dozen hats, sold them on a Queens street corner in one day and collected $800 in cash. A lack of capital forced the business to close and restart three times. With childhood friends J. Alexander Martin, Carl Brown and Keith Perrin, he expanded from hats to clothing. All kept their regular jobs; John worked as a waiter at Red Lobster.⁠[3][3][3][3][3]

Founding FUBU

In 1992, John founded FUBU, short for For Us By Us. In his spare time, he visited music-video sets and persuaded rappers to wear its clothes. By repeatedly lending out 10 shirts over approximately three years, he secured appearances in 30 to 40 videos. Rapper LL Cool J, who grew up on the same Queens street, also agreed to be photographed in a FUBU shirt, and John used the photograph to promote the brand.⁠[2][3][3][3][3]

FUBU subsequently obtained $400,000 in orders at a major Las Vegas fashion trade show but lacked the money to manufacture them. After 27 banks rejected loan applications, John and his mother took out a second mortgage on their Queens home. His partners moved in, turning the house into a temporary factory. His mother placed an advertisement in The New York Times seeking investors, and FUBU eventually reached an agreement with Samsung Textiles to finance production of its orders.⁠[3][3][3][3][3]

Under founder and CEO John, FUBU became a global fashion brand, with peak annual retail sales exceeding $350 million and cumulative worldwide product sales of more than $6 billion.⁠[5][5][1]

Joining Shark Tank’s Original Investors

Appointment as a Presidential Ambassador for Global Entrepreneurship

In 2015, the White House appointed John to the Presidential Ambassadors for Global Entrepreneurship program, known as PAGE, with a focus on underserved entrepreneurs. He accompanied President Obama to Kenya and Cuba to promote entrepreneurship and small businesses. He also participated in Obama’s My Brother’s Keeper initiative, which sought to mentor and support young men of color.⁠[1][8][1]

Disclosure of Thyroid Cancer

John disclosed on Good Morning America that he had been diagnosed with stage II thyroid cancer and undergone surgery to remove part of his thyroid. He said he felt well at the time and encouraged viewers to obtain health checks.⁠[9]

Publication of Powershift

Powershift, written by John with Daniel Paisner, was published. The book discusses personal and business influence through reputation, negotiation and relationships.⁠[10]

Founding Black Entrepreneurs Day

Following George Floyd’s murder in 2020, John founded Black Entrepreneurs Day to respond to injustice and celebrate Black business owners. The event was held at New York’s Apollo Theater and streamed online, and it received four Webby Awards. The fourth event, on November 1, 2023, partnered with the NAACP to provide eight entrepreneurs with grants of $25,000 each.⁠[11][11][8][11][11][11]

Hosting That Moment with Daymond John

John launched That Moment with Daymond John, a podcast about turning points in guests’ lives and careers. An episode dated May 2, 2023 featured chef Marcus Samuelsson discussing criticism and motivation.⁠[12][13]

Permanent Injunction against the Bubba’s Q Founders

During Shark Tank’s fifth season, John agreed to invest in Bubba’s Q, the barbecue business run by former NFLNFLThe NFL (National Football League) is a U.S. professional American football league of 32 clubs. Founded in 1920 as the APFA and renamed in 1922, it is organized into the AFC and NFC, with the season culminating in the Super Bowl.Open the full entry player Al “Bubba” Baker and his family. By 2017, its sales had grown from $154,000 before its appearance to $16 million. John said at the time that it could be his biggest deal.⁠[14][15][15][15][15]

In 2023, the Bakers publicly accused John and his partners of misleading them, trying to take over their business and depriving them of potential earnings. John responded in a video that the family had breached confidentiality obligations. In May, John and manufacturing partner Rastelli Foods Group sued the family. On July 21, New Jersey federal judge Robert Kugler converted an earlier temporary restraining order and preliminary injunction into a permanent injunction, finding that the Bakers had violated the non-disparagement provisions of a 2019 settlement. The order barred further public disparagement of John, his company DF Ventures and Rastelli Foods Group, and required removal of related social-media posts. John said the ruling vindicated his conduct; the Bakers declined to comment.⁠[14][14][14][14][14][14][14][14][14][14][14][14][14]

Black Entrepreneurs Day in Atlanta

The official event page scheduled Black Entrepreneurs Day at the Fox Theatre in Atlanta, continuing its focus on conversations with entrepreneurs and business experience.⁠[16]

Procedural Ruling in the Bakers’ Patent Lawsuit

A New Jersey federal court dismissed Al and Brittani Baker’s separate patent lawsuit against John and others without prejudice. It found that the patents had been assigned to an LLC, leaving the individual plaintiffs without standing, and declined jurisdiction over related state-law claims. The court allowed 30 days to amend and expressly did not decide the dispute’s merits.⁠[17]

Lawsuit over PPE Commissions

AfroTech reported that John sued Buko LLC and other defendants on April 3, alleging unpaid referral commissions from pandemic-era personal protective equipment transactions. Defense attorney Christopher Frost denied that he was entitled to the claimed commissions and said savings had been passed to the state. These were competing litigation positions.⁠[18]

School of Hard Knocks Appearance

Books

John’s The Power of Broke (2016) and Rise and Grind (2018) both became New York Times bestsellers, and the latter also appeared on The Wall Street Journal’s bestseller list. In March 2023, he published his first children’s book, Little Daymond Learns to Earn, introducing saving, spending, budgeting and borrowing. It subsequently became a New York Times bestseller.⁠[8][8][8]

Other Roles and Honors

John founded and serves as CEO of brand strategy and consulting company The Shark Group, and opened the Blueprint + co. coworking space in Manhattan. His roles include board positions with the Petco Foundation and UTSA Foundation and membership of the Network for Teaching Entrepreneurship’s national advisory council. His honors include Brandweek Marketer of the Year and Ernst & Young’s New York Entrepreneur of the Year. LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry named him a Top Voice in 2020.⁠[20][8][7][8][21][21][20][8]

Related Organizations and Websites

DaymondJohn.com: Official website: https://daymondjohn.com/ (opens in a new window).⁠[5]

The Shark Group: Official website: https://www.thesharkgroup.com/ (opens in a new window).⁠[20]

Personal X and YouTube

Sources

  1. Right as 'Shark Tank' investor Daymond John became really rich, he lost everything (opens in a new window)
  2. FUBU: Daymond John (opens in a new window)
  3. How FUBU Founder Daymond John Conquered Urban Fashion (opens in a new window)
  4. Daymond John, Entrepreneur (opens in a new window)
  5. Request Daymond John for Speaking Engagement (opens in a new window)
  6. ABC to Humiliate Entrepreneurs on National TV (opens in a new window)
  7. 'Shark Tank' Star Daymond John Shares His Success Story (opens in a new window)
  8. Daymond John | Shark Tank (opens in a new window)
  9. Shark Tank star Daymond John speaks out about cancer diagnosis (opens in a new window)
  10. Powershift by Daymond John with Daniel Paisner (opens in a new window)
  11. 'Shark Tank' star Daymond John hosts Black Entrepreneurs Day (opens in a new window)
  12. The Wait is Finally Over! (opens in a new window)
  13. How Marcus Samuelsson Turned His Biggest Hater Into Motivation (opens in a new window)
  14. 'Shark Tank's' Daymond John granted permanent restraining order (opens in a new window)
  15. 'Shark Tank' host's ‘biggest deal ever’ went from $154,000 to $16 million in sales in 3 years (opens in a new window)
  16. Black Entrepreneurs Day — Attend the Live Event (opens in a new window)
  17. Baker et al v. John et al — Opinion, Filing 30 (opens in a new window)
  18. Daymond John Claims He Is Owed At Least Tens Of Millions In Lawsuit (opens in a new window)
  19. I Spent A Day With Shark Tank Billionaires! (opens in a new window)
  20. Daymond John – The Shark Group (opens in a new window)
  21. Board Leadership - NFTE (opens in a new window)
  22. The Best Moments in Shark Tank History with Daymond John (opens in a new window)
  23. Daymond John (@TheSharkDaymond) — X (opens in a new window)
  24. Daymond John — Official YouTube Channel (opens in a new window)